Newsalert - EBA Guidelines on outsourcing arrangements

On 25 February 2019 the European Banking Authority (“EBA”) published its revised Guidelines on outsourcing arrangements.

The Guidelines, that are updating the CEBS guidelines on outsourcing that were issued in 2006 (which applied exclusively to credit institutions), aim to establish a more harmonised framework for credit institutions and investment firms, as well as for payment and electronic money institutions. The recommendation on outsourcing to cloud service providers, published in December 2017 (EBA/REC/2017/3), has also been integrated into the Guidelines.

Download the Newsalert edited by our Financial Regulation Department on the topic and the Final Report